Our journey to eNotes is finally complete – all we need is you! As of July 1, Federal Home Loan Bank of Des Moines is accepting residential mortgage eNotes (Electronic Promissory Notes) as collateral – saving you time and money.
Experience all eNotes has to offer. Below you will find ways to educate, explore and begin enrollment.
Jump to Training and Events
What is an eNote?
|WHAT AN eNOTE IS:
||WHAT AN eNOTE IS NOT:
|A promissory note executed and signed electronically and stored in an eVault.
||A scanned image of a wet-ink signature.
Reduced shipping and storage fees
Improved audit trail
Borrower can review loan documents prior to closing
Faster and easier signing process
|1-4 Family Residential First Mortgage Loan
|1-4 Family Residential First Mortgage Loan – Nontraditional Loan
|1-4 Family Residential First Mortgage Loan – Subprime Loan
|Government Insured – VA Home Loan
|Government Insured – FHA Home Loan
|1-4 Family Residential Home Equity Mortgage Loan
Training & Events
A Spotlight on eNote Processes for FHLB Members
September 16, 1:00 PM CDT
During this webinar, representatives from MERSCORP Holdings and the FHLBanks will share information about key eNote concepts, requirements for pledging eNotes as collateral to the FHLBanks and steps needed to be eligible to pledge your eNotes. You’ll also learn about MERS® System Membership requirements, including a type designed for Federal Home Loan Bank Members. Members of all Federal Home Loan Banks as well as Federal Home Loan Bank employees are invited to attend.
- Vonda Renfrow, VP | Director, Member Services, Federal Home Loan Bank of Des Moines
- Tiffany Toale, Training and Development Analyst, MERSCORP Holdings
These webinars are open to FHLB Des Moines members. If you do not have a MERS Org ID, contact us for registration information.
Requirements and Guidelines
Understand the requirements and specifications for ensuring eNotes meet the legal, technological and operational requirements necessary to electronically create valid, enforceable and transferable loan obligations or effectively service loans and comply with the FHLB Des Moines Collateral Procedures.
Review the Full eNotes Requirements and Guidelines
Helpful links for understanding requirements
View our eNotes educational resources to learn more.
Are you ready to take the next step?
We’re here to walk you through set-up and answer any questions you might have.
VIEW eNOTES READINESS CHECKLIST
CONTACT US TODAY!